Dear All,
Please suggest to me how to calculate the OT rates. One of my software calculates OT thrice as per the government register. Is this correct or should changes be made?
Time worked: 0.98 hours
Normal rate: $55.56 per hour
Overtime rate: $111.12 per hour
Normal earnings: $54.45 as per the time worked
Overtime earnings: $108.89 as per time worked
Total earnings: as per time worked will be $108.89 or $163.34 (includes normal + overtime)
Please suggest what the right payment should be.
Thank you.
From India, Bikaner
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Please suggest to me how to calculate the OT rates. One of my software calculates OT thrice as per the government register. Is this correct or should changes be made?
Time worked: 0.98 hours
Normal rate: $55.56 per hour
Overtime rate: $111.12 per hour
Normal earnings: $54.45 as per the time worked
Overtime earnings: $108.89 as per time worked
Total earnings: as per time worked will be $108.89 or $163.34 (includes normal + overtime)
Please suggest what the right payment should be.
Thank you.
From India, Bikaner
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Generally I use this formula to calculate the OT rate = ((salary/working days)/No. of normal working hours))*2 Regards Kavita
From India, Delhi
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2From India, Delhi
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